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APFA responds to Financial Services Compensation Scheme levy consultation

19 January 2015

The Association of Professional Financial Advisers (APFA) has today commented on the FCA’s Financial Services Compensation Scheme (FSCS) levy consultation for 2015/16.

 

Chris Hannant, Director General at APFA, said:

“Any fall in the costs borne by advisers is to be welcomed, with the proposed reduction in the levy just over £5million compared to last year. It is important that the regulatory bodies maintain a strong discipline on costs.

 

“Ensuring that the costs advisers pay to support initiatives like FSCS are fair and proportionate is a central part of APFA’s efforts to ensure a better deal for the industry. It comes up time and time again in conversations with members. We’ll study the proposed reduction in detail, and will respond to the FCA in due course.”

 

ENDS